Nickel and stainless steel futures also experienced small changes during the week, which helped to keep spot stainless steel prices stable.
The three-month nickel contract on the London Metal Exchange
ended the official trading session on Wednesday at $19,012 per tonne, up by $110 per tonne from $18,902 per tonne a week earlier
The most-traded September stainless steel contract on the Shanghai Futures Exchange closed at 18,120 yuan (2,794) per tonne on Wednesday, down by 100 yuan per tonne from 18,220 yuan per tonne a week earlier.
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi):
18,900-19,200 per tonne, unchanged
End users started to raise their procurement rates after prices stabilized during the week.
“The previous high prices gave downstream factories no profit,” a...